Bill > HB2005

This bill, known as the Veterans' Valor Property Tax Relief Act, establishes an income tax credit or refund for eligible individuals, starting with the 2026 tax year, allowing them to claim 50% of the property and ad valorem taxes paid on their principal residence, with no maximum limit on the credit amount itself, though it cannot exceed the taxes paid. To qualify as a "taxpayer" under this act, an individual must be a Kansas resident with an honorable or general discharge under honorable conditions from the U.S. uniformed services and have a 100% permanent and total service-connected disability rating or a total disability rating based on unemployability, as determined by federal regulations. This credit is supplemental to existing homestead property tax refund programs, but taxpayers cannot claim both for the same property in the same year, and importantly, this bill also repeals the sales tax exemption for purchases made by certain qualifying military veterans, specifically discontinuing the existing law K.S.A. 2025 Supp. 79-3606h.